Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 460,314 shares of the company’s stock after selling 55,170 shares during the period. Teacher Retirement System of Texas’ holdings in Coca-Cola Europacific Partners were worth $35,357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at about $52,000. Brown Brothers Harriman & Co. increased its holdings in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after buying an additional 802 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after buying an additional 166 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CCEP. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $85.56 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a 50 day simple moving average of $81.57 and a 200-day simple moving average of $79.16. The company has a market cap of $39.44 billion, a PE ratio of 17.60, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.